Business Today: Growth fears hit shares and oil, gold stable

		Click to View in Browser 04/17/2013 Growth fears hit shares and oil, gold stable LONDON (Reuters) - World shares and industrial commodities fell on Wednesday as global growth concerns overwhelmed support from the prospect of ongoing central bank stimulus in the United States and Japan. Bank of America profit misses estimates as revenue falls (Reuters) - Bank of America Corp reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday. Tesco quits U.S. and takes $3.5 billion global writedown LONDON (Reuters) - Britain's biggest retailer, Tesco, wrote down the value of its global operations by $3.5 billion and announced plans to exit the United States, as it sought to rebuild after a year in which profit fell for the first time in two decades. Futures drop as commodities, earnings drag NEW YORK (Reuters) - Stock index futures fell on Wednesday, indicating the S&P 500 will retreat from its second-best daily performance of the year as commodities fell and after earnings reports from Yahoo and Intel. BNY Mellon revenue falls 1 percent; tax case triggers loss (Reuters) - BNY Mellon Corp said on Wednesday that first-quarter revenue fell 1 percent as the world's largest custody bank reported a loss due to a high-stakes tax battle with the U.S. Internal Revenue Service. GM's Opel board meets to seal fate of German plant FRANKFURT (Reuters) - Top executives from General Motors who sit on the board of loss-making European brand Opel are meeting on Wednesday to approve the first closure of a German car factory in decades. BOJ official: mulling increasing frequency of JGB purchases TOKYO (Reuters) - A senior Bank of Japan official said on Wednesday the central bank will consider increasing the frequency of its long-term government debt purchases in response to bond dealers' concerns about distorting markets. Daimler exits EADS with $2.9 billion placement FRANKFURT (Reuters) - Germany's Daimler sold its remaining stake in EADS for about 2.2 billion euros ($2.9 billion), exiting its aerospace activities completely nearly 13 years after it helped to found the Airbus parent company. Germany launches tax probes against Credit Suisse employees ZURICH/FRANKFURT (Reuters) - German prosecutors are investigating employees of Credit Suisse and its units Clariden Leu and Neue Aargauer Bank on suspicion of helping Germans evade taxes. Cost cuts, American Girl help Mattel beat expectations (Reuters) - No. 1 toymaker Mattel Inc reported stronger-than-expected first-quarter results, helped by tight cost controls and increased demand for American Girl and Monster High dolls. Related Video U.S. Morning Call: BofA misses but still quadruples profits Breakingviews: Tesco pain could yield long-term gain Economic News Fed doves stand by stimulus, though one has bright outlook Republicans press Fed on when regulators can break up a bank A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend